Clinton Mills clothmaker. [volume] ([Clinton, South Carolina]) 1984-198?, December 15, 1985, Image 6
Page 6
Geneva Employee's
Son Is Recognized
for Rescue Work
“ It is rare that you get a kid with h is experi
ence and responsible nature to work for no
thing,” according to Samson head football
coach Joe Hudson.
He was talking about David McGowan, a
15-year-old S.H.S. sophomore who is the
trainer for the varsity and junior varsity foot
ball teams.
David has been interested in emergency
care since the age of 8, according to his
mother, Hazel McGowan, who said he would
"hang around” the Samson Rescue Squad
and sometimes ride to the scene of acci
dents.
The Rescue Squad has an age limitation
of 18 for regular members, so David formed
the Junior Auxiliary Rescue Squad and
serves as president. With 1st Lt. Lennis Dar
by and Secretary-Treasurer Jennifer Hutto,
he works to get other high school students
ages 14 through 18 involved with learning
first aid and CPR.
The Junior Auxiliary also raises money for
the squad, maintains the equipment and
participates with other community organiza
tions during natural disasters, such as the
recent hurricane.
David attended the Emergency Medical
Training classes held at Enterprise State
Junior College and passe all the tests, but
will not receive his license until he is 18.
He helps to prepare the players for football
This is a summary of the annual report for
the Clinton Mills, Inc. Profit-Sharing Retire
ment Plan, EIN 57-0783443, for January
1,1984 to December 31,1984. The annual
report has been filed with the Internal Re
venue Service, as required under the Em
ployee Retirement Income Security Act of
1974 (ERISA).
Basic Financial Statement
Benefits under the plan are provided by a
Trust Agreement. Plan expenses were
$560,068. These expenses included
$42,384 in administrative expenses and
$517,684 in benefits paid to participants
and beneficiaries. A total of 1,189 persons
were participants in or beneficiaries of the
plan at the end of the plan year.
The value of plan assets, after subtracting
liabilities of the plan, was $5,792,231 as of
December 31, 1984, compared to
$5,653,349 as of January 1, 1984. During
the plan year the plan experienced an in
crease in its net assets of $138,882, This
increase includes unrealized appreciation or
depreciation in the value of plan assets; that
is, the difference between the value of the
plan’s assets at the end of the year and the
value of the assets at the beginning of the
year or the cost of assets acquired during the
year. The plan had total income of
$698,950.
Your Rights to Additional Information
You have the right to receive a copy of the
full annual report, or any part thereof, on
request. The items listed below are included
in that report:
1. an accountant's report;
2. assets held for investment;
3. transactions in excess of plan assets.
To obtain a copy of the full annual report,
or any part thereof, write to the office of
games by wrapping ankles and works during
the games to take care of minor injuries,
such as sprains or cramps.
The Junior Auxiliary was in charge of the
program for the recent monthly meeting of
the rescue squad and David asked Coach
Hudson to speak on the treatment of injuries
occurring during a football game.
David also taught the first aid section of a
recent Hunter Safety course sponsored by
the local hunting club.
He works with the rescue squad during
civic events, band days, bike-a-thons, and
sets up educational displays at the schools
and works with the youth and the Boy Scouts
to teach first aid.
David plans to attend George Wallace
Community College and study Emergency
Medical Training to be a paramedic and work
with an emergency service or ambulance
service in a large mtropolitan area.
“His service on the sidelines is indespen-
sible,” said Hudson. “He is like another
member of the coaching staff."
This sentiment is echoed by Ricky Ard,
one member of the rescue squad. "I think
David is a special person performing a spe
cial service for the community. We need
more young people with his dedication.”
David’s father is Dykes McGowan, first
shift Geneva electrician.
Henry T. Cronic, who is the plan administra
tor. The charge to cover copying costs will be
$2 for the full annual report, or $.25 per
page for any part thereof.
You also have the right to receive from the
plan administrator, on request and at no
charge, a statement of the assets and liabili
ties of the plan and accompanying notes, or
a statement of income and expenses of the
plan and accompanying notes, or a state
ment of income and expenses of the plan
and accompanying notes, or both. If you
request a copy of the full annual report from
the plan administrator, these two state
ments and accompanying notes will be in
cluded as part of that report. The charge to
cover copying costs given above does not
include a charge for the copying of these
portions of the report because these portions
are furnished without charge.
You also have the legally protected right to
examine the annual report at the main office
of the plan, Clinton Mills, Inc., 600
Academy Street, Clinton, SC 29325, and at
the U.S. Department of Labor upon payment
of copying costs. Requests to the Depart
ment should be addressed to: Public Disclo
sure Room, N4677, Pension and Welfare
Benefit Programs, Department of Labor,
200 Constitution Avenue, N.W., Washing
ton, DC 20216.
For assistance in obtaining a copy of avail
able information, contact the Personnel
Manager in your work area.
Henry T. Cronic
Benefit Plans Administrator
Clinton Mills
Drawer 1215
Clinton, SC 29325
This is a summary of the annual report for
the Clinton Mills, Inc. Retirement Plan, EIN
57-0783443, for January 1, 1984, to De
cember 31, 1984. The annual report has
been filed with the Internal Revenue Ser
vice, as required under the Employee Retire
ment Income Security Act of 1974 (ERISA).
Basic Financial Statement
Benefits under the plan are provided by a
Trust Agreement. Plan expenses were
$66,067. These expenses represented
$66,067 in benefits paid to participants
and beneficiaries. A total of 2,455 persons
were participants in or beneficiaries of the
plan at the end of the plan year, although not
all of these persons had yet earned the right
to receive benefits.
The value of plan assets, after subtracting
I labilities of the plan, was $2,506,881 as of
December 31, 1984, compared to
$1,107,884 as of January 1, 1984. During
the plan year the plan experienced an in
crease in its net assets of $1,398,997. This
increase includes unrealized appreciation or
depreciation in the value of plan assets; that
is, the difference between the value of the
plan’s assets at the end of the year and the
value of the assets at the beginning of the
year or the cost of assets acquired during the
year. The plan had total income of
$1,454,149, including employer contribu
tions of $1,292,088, gains of $4,201 from
the sale of assets, and earnings from invest
ments of $157,860.
Your Rights to Additional Information
You have the right to receive a copy of the
full annual report, or any part thereof, on
request. The items listed below are included
in that report:
1. an accountant’s report;
2. assets held for investment;
3. transactions in excess of 3 percent of
plan assets.
4. actuarial information regarding the
funding of the plan.
To obtain a copy of the full annual report,
or any part thereof, write to the office of
Henry T. Cronic, who is the plan administra
tor. The charge to cover copying costs will be
$3 for the full annual report, or $.25 per
page for any part thereof.
You also have the right to receive from the
plan administrator, on request and at no
charge, a statement of the assets and liabili
ties of the plan and accompanying notes, or
a statement of income and expenses of the
plan and accompanying notes, or a state
ment of income and expenses of the plan
and accompanying notes, or both. If you
request a copy of the full annual report from
the plan administrator, these two state
ments and accompanying notes will be in
cluded in that report. The charge to cover
copying costs given above does not include a
charge for the copying of these portions of
the report because these portions are fur
nished without charge.
You also have the legally protected right to
examine the annual report at the main office
of the plan, Clinton Mills, Inc., 600
Academy Street, Clinton, SC 29325, and at
the U.S. Department of Labor in Washing
ton, D.C., or to obtain a copy from the U.S.
Department of Labor upon payment of
copying costs. Requests to the Department
should be addressed to: Public Disclosure
Room, N4677, Pension and Welfare Benefit
Programs, Department of Labor, 200 Con
stitution Avenue, N.W., Washington, DC
20216.
For assistance in obtaininga copy of avail
able information, contact the Personnel
Manager in your work area.
Henry T. Cronic
Benefit Plans Administrator
Clinton Mills
Drawer 1215
Clinton, SC 29325
Clinton Mills recently stocked sterile grass carp in the company’s watershed
pumping reservoir to control aquatic weeds and algae. Frankie Harmon, project
engineer in charge of Clinton Mills’ watershed property and water quality,
initiated the grass carp application to the South Carolina Wildlife and Marine
Resources Department to control submerged weeds and reduce chemical costs.
After the ponds were inspected by Gene Hayes, district fishery biologist, approv
al was given to contact one of the state’s authorized dealers handling the grass
carp. Shown in the picture (above) are Eddie McGee, S.C. Wildlife Conservation
officer, Jessee Chappell of Southland Fisheries Corp. and Frankie Harmon. Due
to concerns for water quality and public safety, no fishing or trespassing is
allowed at the watershed. Eddie McGee has been especially helpful keeping a
watchful eye out for violators.
Summary for Retirement
Plan Is Explained
Profit Sharing Summary Plan Described